Her husband Gregory Earl Setser was sentenced to 40 years in prison for his involvement in the scheme. His sister Deborah S. Setser was convicted and sentenced to 15 years in prison and Joshua Nathan Setser was sentenced to two years in prison.

Beginning in 2000 in North Texas, the defendants devised a scheme to induce people to enter into investment contracts with IPIC.

They targeted churches, ministries and religious organizations and their pastors, leaders and members and represented to investors that IPIC was a highly successful import/export business.

Cynthia Setser was arrested in Florida in December, 11 months after she skipped a hearing in Dallas where she was to be sentenced for her role in a multimillion-dollar pyramid scheme spearheaded by her husband, Gregory Setser.

Cynthia Setser, who was in hiding for a year after skipping out on a sentencing hearing before a Dallas federal judge in a multimillion-dollar securities fraud case, pleaded not guilty this week to a charge of failure to appear.

Targeting mostly Christian investors, including televangelist Benny Hinn, through churches and other groups, Mr. Setser claimed that his company, IPIC Investments, could produce up to 50 percent returns by buying cheap, foreign-made products that would be sold to major U.S. retailers such as Michaels, Hobby Lobby and Costco.

A 50-year-old Canton man facing a life sentence after masterminding a multimillion-dollar Christian-based investment scam was apparently trying to arrange to have U.N.-backed armed commandos bust him out of the federal prison, according to court testimony Tuesday.

Former Import-Export Company CEO Convicted

The jury hearing the conspiracy and fraud trial of an import-export company founder accused of bilking religious investors out of $65 million is expected to get the case this week.

International evangelist Benny Hinn is slated to testify Monday morning in a Dallas federal court.

Man, 3 others accused of conning a thousand Christian investors

Evangelists set to testify - in federal court

His lawyer says he will answer questions about Gregory Setser, accused of taking $160 million from Christians.

An Inland Empire man accused of masterminding an investment scam that swindled evangelical Christians out of at least $160 million has been released by a Dallas judge on an "electronic leash" pending trial, authorities said Monday.

A Rancho Cucamonga man accused of bilking Christian ministries out of $160 million was ordered sent to Texas to face charges of securities fraud and money laundering.

Gregory Setser, who the SEC says owns a yacht and helicopter, built list of evangelist investors.

If you pledge enough money to Greenwood Village-based Marilyn Hickey Ministries, you will receive a vial of oil.